But the economy is doing great!
The fact the economy depends on un employment is fucking gross
Had a sociologist class with one of those dirty communist neo something something professors who asked the class “why do we measure how well the country is doing using unemployment or GDP instead of happiness”.
Crazy thing was that my first instinct was to think how stupid it was to measure happiness. I’m such a fucking brainwashed idiot
Happiness, while a useful metric, isn’t a very consistent one from person to person, or even from day to day. It’s a very subjective and hard to quantify metric.
Not that GDP or unemployment are better indicators, but they’re solid numbers that can be definitively and accurately counted and done so consistently over decades.
Still there has to be a better non-subjective metric than those, they’re not very telling.
That was actually a big part of the lecture. Is measuring happiness actually inconsistent. He put a good argument for it not being inconsistent. That we can not only measure happiness pretty consistently but that we can also measure all the things that contribute to it pretty accurately. One of my favorite lectures in school
Everything depends on scarcity. Supply and demand. There has to be unsatisfied demand otherwise prices would be too low for anyone to make any money… it’s a poorly designed system.
Death to the profit motive.
Our mortgage payment is going up $125/mo because property values went up. Idk how in gonna afford that
$200 here and that’s after it went up $200 last year.
Are you in the U.S.? We have 30 year fixed mortgages here your monthly payment shouldn’t be going up. Or did you mean property taxes?
Many mortgages just have the property taxes rolled into them
So it’s probably property taxes, but it’s showing up on the mortgage payment
Edit. Sounds like OP might be talking about property taxes, not mortgage principal.
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It sounds like you have an adjustable rate mortgage. If so, it is the national interest rate that is driving that up.
Your increased property value doesn’t drive up your mortgage. That is fixed.
No, that doesn’t mean that. They likely pay their property taxes through their mortgage via escrow. Since it all comes from the same payment, that means their mortgage payment rose, even if it wasn’t tied to the actual mortgage.
This
Property value in most places absolutely sets your taxes, which is part of your monthly mortgage payment
So yes, the principal+interest doesn’t change but when most people talk about their monthly mortgage they talk about the total amount they pay to live in their house that they’re making payments on
Where’s all that war profit going?
I’m making way more money than I ever have in my life and I can barely save anything lol
Dude. Same. I finally started making a 6 figure salary, and I feel just as broke as I did before. It sucks.
25% raise a year ago. The most I have ever made in my life. I used coinstar to buy groceries last week.
I’m making more than I think anyone else has ever made in my family’s history before and I feel like I’m headed for collapse.
The wheels on the bus are about to come off, about to come off, about to come off. The wheels on the bus are about to come off all through the town.
the bus went over the cliff a while back. left and right are arguing if the wheels are going round and round and we’ve jumped right past the guard rails and are sailing into oblivion.
Nailed it. I’m doing better than I ever have, and I think I should dump more into my 401k! Nope. Groceries feel like they’ve almost doubled in cost. Fucking unbundling of so much , data, or travel costs an arm and a leg in additional fees. Simple repairs to my car or parts for a mower are crazy expensive. As soon as I feel like I’ve gotten ahead, they jack up the prices to eat up my gains.
Is the cost of living crisis that crazy?
I left the US in 2017 tired of a decade of stagnant wages.
Of course in 2018 the wages started spiking. But is all of it eaten by cost of living increases?
Yes. A congressional report found that nearly 50% of inflation went straight into corporate coffers. Record profits across the board. They turned the dial up until our wage gains were all gone.
Welcome to adulthood.
I’m 31 my dude, been adulting for a while.
It’s worse now
Same here , the other day I thought to myself “how the fuck did I get poor again??!!” Two years ago I was feeling pretty proud! I’m deep in the letter writing currently, one I’ll give to my employer.
This is entirely because the republican house refused to extend Biden’s covid era child tax credit. Biden should run on this issue. If he doesn’t, the Rebublicans will by blaming him.
Thank god student payments are restarting to really add to it
“How could Biden do this!?!?!” - Mitch McConnell
